East Capital Russia A EUR

The investment objective of the Russian Sub-Fund is to provide long- term capital growth through exposure to companies in Russia. The Sub-Fund will invest at least 50% of its assets in securities of issuers domiciled in Russia. The Sub-Fund may also invest in securities of issuers not domiciled in Russia but which exercise a significant part of their activity in Russia. The Sub-Fund may also invest up to one third of its assets in securities of issuers domiciled in Armenia, Azerbaijan, Belarus, Estonia, Georgia, Kazakhstan, Kyrgyzstan, Latvia, Lithuania, Moldova, Tajikistan, Turkmenistan, Ukraine and Uzbekistan. At least 75% of the Sub-Fund's assets will be invested in equity or equity-related securities (such as but not limited to ADRs and GDRs of the aforementioned issuers). Under normal market conditions, investment in debt instruments of any kind will not exceed 25% of the Sub-Fund's assets.